Summary
- The U.S. House Financial Services Committee hearing said a consensus formed that tokenization technology is becoming a reality rather than something of the future.
- It reported that many lawmakers agreed security tokens need regulation and investor protection measures at the same level as traditional securities.
- It said Democratic Rep. Maxine Waters claimed the Trump family’s involvement in a virtual asset (cryptocurrency) business is estimated to have generated about $1 billion in revenue.
Forecast Trend Report by Period
As the U.S. House Financial Services Committee held a hearing on tokenization, debate continued over the Trump family’s involvement in virtual asset (cryptocurrency) businesses.
According to crypto-focused media outlet CoinDesk on the 25th (local time), Rep. Maxine Waters, a Democrat, said, "Clear corruption has emerged involving the Trump family’s participation in the virtual-asset business," adding that it is "estimated to have generated about $1 billion in revenue."
Meanwhile, the hearing broadly reflected a consensus that tokenization technology is becoming a reality rather than a future concept.
Many lawmakers also agreed that security tokens require regulation and investor-protection mechanisms on par with those for traditional securities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
